You can do this kind of research before you spend a 'dollar' of your own money ... you can do it in fun way ... but with a method behind it ... all explained in Residential Development Made Easy.

From that data base you'll know what type and size of accommodation product you want to develop. You'll finally also determine what is total 'make-up' of your development.

OK, every authority has different development rules. You should go to Authority's offices and find out 'the rules' for type of land you want to buy.

Architects know these rules ... ask them to explain to you quick 'easy' way to determne a development site's capacity!

I give an easy example in my eBook ... how to assess number of residential accommodation 'units' you can develop on a particular land site ... from front seat of your car. All this impacts on your development costs.

Buy land for $100,000 and put eight units - houses, whatever, on it land cost per unit is $12,500 per unit. If you local authority says No and only allow you to put four units on land ... that looks like double yourcosts to $25,000.

Development Land Negotiation

Only you know if you can 'Do It Yourself!'

Well, Can you negotiate directly with Seller of land? It's one I use myself ... but is it for you?

It's you choice ... if you go my way, my eBook gives you a 'word for word' script. Even if you don't do it yourself, you need my information to be able to manage person who does it for you.

Plus other options.

The Contract to Buy The Land

In Residential Development Made Easy I address this subject in great detail.

You need to know detail of Contracts for Sales & Purchase of property.

In two sections of my eBook I give a 'blow by blow' detailed explanation of how to ensure your contract is prepared correctly for what you want to achieve.

To emphasise how important your understanding of Contract is, let me just say this to you.

After you have completed all your market research, talked to your accountant, lawyer, finance broker, many real estate agents, found property and successfully negotiated purchase ... you then have to design your project and make application to Authority for permission to develop.

This is point: (read that last para again)

After all that work, time and money spent, only thing that connects you back to land you want to develop is a 'bunch of paper' called a Contract.

The words on Contract should ensure that, if you get your approval to develop, that Seller can't change his/her mind and not sell you land.

Got It?

By that time you've invested a lot of time & money ... by getting an approval to take a property from its current position, say one house, to four townhouses, you have increased its value Subsantially.

If your contract is not correcly worded and vendor can 'get out' of contract, then value increase you have created passes to him/her.

This is not a Happy Experience ... read Residential Development Made Easy and be aware of what to do.

Oh Yes, I almost forgot. If you decide to negotiate purchase of property yourself, I take you through a special session on Contract Presentation to Seller ...

By definition, there's a 'right way' and there's a 'wrong way.'

Life is full on these decisions ...

'turn right and you're successful,' or 'turn left and you're on your way to trouble'... 'learn right way and be successful,' or 'keep flying blind and learn from school of hard knocks.

Colm Dillon author of "Residential Development Made Easy," the only 'How To' Become a Developer eBook, selling in 63 Countries; he has developed $1.2 Billion worth of real estate - read more on his web site: http://realestatedevelopmentcoach.com/realestatedevelopment.html

OK, back to getting hold of some land.

Get to know local real estate agents; I mean know them well. Remember what I say in ebook.

Call in and buy them a cup of coffee, take them out of their work place; what about dinner after work; really spread yourself around.

Invest your Time in finding good, well informed, dedicated agents. Believe me they are in your business community ... it's your job to find them.

Appreciate that Agents are essentially self-employed, irrespective of whether they work in a Real Estate Agency ... their 'mind set' is independent.

They back themselves and their abilities to provide a sales service at a level that "consistantly" provides them with a 'good income.

That 'good income' by way, will leave most of their 'client's' income looking a little anaemic.

The 'good agents' are busy; their 'time' is money; literally. So don't mess them around.

Don't talk to them as though you are Aga Kahn! You're Not. There's always a guy richer than you ... maybe Agent!

Why am I making such a big point about agents.

I believe "people" get agents "they deserve."

I have heard people talk to Agents as though they were some grubby leech on society and are doing them an honor even to talk to them.

To be a successful agent these days you have to be very good. Many are highly educated and choose real estate as a career for freedom, individual reward and great returns.

What comes out of your mouth + body language tells an agent a great deal about you. They then wonder why Agent never calls then ... Dong!!!

Keep your 'ego' under control. Their sales success rests on their ability at 'reading people.' Remember what I say in my ebook!

When you are in development business, you are in business of:

Getting People To Do ... What You Want Them To Do Within The 'TIME' AND 'Costs'You Set.

That means that you have to be in control of 'How You Treat People.' Agents know a lot of people ... maybe, they even know those people who want to JV with you.

While you are doing this "work" don't forget to do what my ebook tell you to do about research.

Last idea for finding JV people - talk to your friends - put an advert in local newspaper seeking expressions of interest from people interested in doing what you want.

OK, you've found a partner who has land and you are comfortable with relationship after several meetings.

Important question! What value does your prospective partner put on his land that will be put into JV?

Just throwing a few figures around to give you an example.

Let's say that market value for his land right now is $300,000. But he wants to put into JV at $400,000. So if your JV Agreement involves you gaining a share of profit, your share will be $100,000 less. Got It?

Now let's say that part of your skills contribution to JV includes a rezoning of land to a higher level and you achieve that for JV. That rezoning may take land from a single unit (house) dwelling zone to a six dwelling unit zone.

Your efforts have increased land value significantly ... no, not six times, as house properties are valued differently to multiple unit properties. But it may have increased by 3 or more times, depending on your market.

Once again $100,000 will come off your share. Now that may be OK by you, because you are just starting out on your first development ... it is always better to KNOW what you are agreeing too.

I hope this information helps you in your consideration of entering a JV. but please remember, don't just read my eBook ... study it ... take notes in a special hard cover Development Copy Book that you will buy.

Writing things down is an aid to learning and remembering.

My LAST DON'T ... Don't start any of this JV stuff until you know my eBook inside out. You must not just be able to 'talk talk' - you must know what you are talking about.

What I am all about, is helping you to do residential development with RISK reduced.

If it takes four years study to get a basic Degree and say another five years to get some experience, why would you think that you can enter development business with little study -- no experience and expect to be profitable?

"Residential Development Made Easy" is written by Colm Dillon, the 'Real Estate Development Coach' and is the only 'How To Become a Residential Real Estate Developer's eBook on the web; it's selling in 63 Countries, from his experience of developing $1.2 Billion worth of real estate - read more on his web site http://realestatedevelopmentcoach.com/realestatedevelopment.html